Sam­sung heir among busi­ness lead­ers in S. Korea del­e­ga­tion

The Straits Times - - WORLD -

SEOUL The heir to the Sam­sung em­pire and the lead­ers of sev­eral other South Korean con­glom­er­ates will go to Py­ongyang this week for an in­ter-Korean sum­mit, Seoul an­nounced yes­ter­day.

Sam­sung’s Mr Lee Jae-yong and the heads of the SK and LG groups will be part of Pres­i­dent Moon Jae-in’s del­e­ga­tion as he heads for a meet­ing with the North’s leader Kim Jong Un, Mr Moon’s of­fice said.

Mr Kim Yong-hwan, vice-chair­man of Hyundai Mo­tor Group – whose founder was a refugee from the North – will be among the en­tourage.

Ms Hyun Jeong-eun, chair­man of the sep­a­rate Hyundai Group which pi­o­neered many cross-border eco­nomic projects, will also ac­com­pany Pres­i­dent Moon. She has met Mr Kim’s fa­ther Kim Jong Il sev­eral times. She was among the first South Kore­ans to meet the young leader when he as­sumed power fol­low­ing his fa­ther’s death in 2011.

Pres­i­dent Moon has ad­vo­cated closer eco­nomic ties across the border, de­spite mul­ti­ple sanc­tions on the North over its atomic weapons and bal­lis­tic mis­sile pro­grammes.

The del­e­ga­tion of about 200 in­cludes top Seoul of­fi­cials, in­clud­ing its spy chief, for­eign min­is­ter and de­fence chief, as well as prom­i­nent fig­ures in the econ­omy, re­li­gion, cul­ture and sports, Mr Moon’s of­fice said.

Mr Lee is the de facto leader of the Sam­sung group, by far the South’s big­gest con­glom­er­ate, which in­cludes Sam­sung Elec­tron­ics – the world’s largest maker of smart­phones and mem­ory chips.

Sam­sung’s Mr Lee Jae-yong (above) and other prom­i­nent fig­ures in the econ­omy, and in re­li­gion, cul­ture and sports, will travel with Pres­i­dent Moon Jae-in to Py­ongyang.

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